Business
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Diesel Price Increase of 2.9¢ Lifts National Average to $3.867
The diesel price pendulum has swung forward this week with a 2.9-cent national average increase, according to data released Jan. 29 by the Energy Information Administration.
60 Seconds: How Trailer Wraps Boost Brand Recognition
Wrapped trailers turn the regular movement of #trucks into a unique marketing opportunity for companies.
January 30, 2024Fortescue Says Europe Can’t Compete as a Green Hydrogen Hub
High power costs will make most of Europe and Japan unattractive as hubs of green hydrogen production, according to the man leading Fortescue's drive to become a global supplier of the fuel.
NHTSA Capable of Regulating High-Tech Vehicles, Carlson Says
Outgoing NHTSA Administrator Ann Carlson discussed issues surrounding changing technologies, including Tesla's Autopilot, Cruise robotaxis and ARC Automotive's air bag inflators.
Truck Makers Launch Zero-Emission Infrastructure Coalition
A coalition of truck manufacturers is launching a joint initiative to work with stakeholders to accelerate construction of charging infrastructure for medium- and heavy-duty ZEVs.
GM’s Net Income Rose 12% in 2023 Despite Costly Strike
DETROIT — General Motors’ net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkers’ strike.
UPS to Cut 12,000 Jobs, Explore Sale of Coyote Amid Weak Q4
UPS Inc. is reducing its overall employee head count by 12,000 workers, which the company says will save more than $1 billion, citing higher labor costs and softening demand.
Logistics Startup Flexport Will Trim Hundreds More Jobs
Logistics startup Flexport Inc. plans to lay off hundreds of workers, according to a source — the company’s latest effort to reposition itself during a global shipping industry slowdown.
Port of Baltimore Security Lauded by US Coast Guard
The Port of Baltimore for the 15th straight year has received a top U.S. Coast Guard security assessment for its six state-owned, public marine terminals.
GM, Honda Hydrogen Fuel Cell JV Begins Commercial Production
A joint venture between General Motors and Honda began commercial production Jan. 25 of hydrogen fuel cells in Brownstown, Mich., aimed at the commercial vehicle market.